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Q 7.24: companies that report inappropriate current assets as cash and cash equivalents may appear to be

User Kavin
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the answer to this question is more liquid.
In business, liquidity refers to how easy companies transform all assets that they held into cash-form.
If the company's report of inappropriate current assets revolves around cash and cash-equivalent, it will be very likely that they held a lot of cash as the majority of the asset to begin with,
User Kelvin Trinh
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